Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
SIDHU JAY S
  2. Issuer Name and Ticker or Trading Symbol
Customers Bancorp, Inc. [CUBI]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chairman & CEO
(Last)
(First)
(Middle)
1015 PENN AVENUE, SUITE 103
3. Date of Earliest Transaction (Month/Day/Year)
12/20/2017
(Street)

WYOMISSING, PA 19610
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 12/27/2017   M   293,629 A $ 8.86 1,142,148 (2) (4) D  
Common Stock 12/27/2017   M   12,834 A $ 8.55 1,154,982 (2) (4) D  
Common Stock 12/27/2017   M   81,864 A $ 10.91 1,236,846 (2) (4) D  
Common Stock 12/27/2017   M   84,105 A $ 10.91 1,320,951 (2) (4) D  
Common Stock 12/27/2017   M   36,869 A $ 10.91 1,357,820 (2) (4) D  
Common Stock 12/27/2017   M   29,514 A $ 10.91 1,387,334 (2) (4) D  
Common Stock 12/27/2017   M   782,300 A $ 12.73 2,169,634 (2) (4) D  
Common Stock 12/27/2017   M   68,639 A $ 12 2,238,273 (2) (4) D  
Common Stock 12/27/2017   M   108,334 A $ 12 2,346,607 (2) (4) D  
Common Stock 12/27/2017   F   1,006,775 D $ 26.34 1,339,832 (2) (4) D  
Common Stock 12/28/2017   F(1)   17,604 D $ 26.37 1,322,228 (3) (4) D  

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (right to buy) $ 26.65 12/20/2017   A   500,000   12/20/2022 12/20/2027 Common Stock 500,000 $ 0 500,000 (5) D  
Employee Stock Option (right to buy) $ 8.86 12/27/2017   M     293,629 04/06/2015 04/06/2020 Common Stock 293,629 $ 0 0 D  
Employee Stock Option (right to buy) $ 8.55 12/27/2017   M     12,834 07/14/2015 07/14/2020 Common Stock 12,834 $ 0 0 D  
Employee Stock Option (right to buy) $ 10.91 12/27/2017   M     81,864 12/28/2015 12/28/2020 Common Stock 81,864 $ 0 0 D  
Employee Stock Option (right to buy) $ 10.91 12/27/2017   M     84,105 01/31/2016 01/31/2021 Common Stock 84,105 $ 0 0 D  
Employee Stock Option (right to buy) $ 10.91 12/27/2017   M     36,869 02/28/2016 02/28/2021 Common Stock 36,869 $ 0 0 D  
Employee Stock Option (right to buy) $ 10.91 12/27/2017   M     29,514 03/07/2016 03/07/2021 Common Stock 29,514 $ 0 0 D  
Employee Stock Option (right to buy) $ 12.73 12/27/2017   M     782,300 09/20/2017 09/20/2022 Common Stock 782,300 $ 0 0 D  
Employee Stock Option (right to buy) $ 12 12/27/2017   M     68,639 09/17/2016 09/17/2021 Common Stock 68,639 $ 0 0 D  
Employee Stock Option (right to buy) $ 12 12/27/2017   M     108,334 09/30/2016 09/30/2021 Common Stock 108,334 $ 0 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
SIDHU JAY S
1015 PENN AVENUE, SUITE 103
WYOMISSING, PA 19610
  X     Chairman & CEO  

Signatures

 /s/ Jay S. Sidhu by Natalya Spadafora under Power of Attorney   12/29/2017
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Shares withheld for taxes upon vesting of previously issued restricted stock award.
(2) Includes 238,227 Restricted Stock Units.
(3) Includes 200,033 Restricted Stock Units.
(4) Includes 2,834 shares acquired pursuant to Customers Bancorp, Inc.'s Employee Stock Purchase Plan.
(5) Under the terms of the Customers Bancorp, Inc. 2010 Stock Option Plan, these Stock Options will vest and become exercisable on the fifth anniversary of date of grant, provided the trading price of the company's voting common stock is above $40 for ten days prior to exercise. These Stock Options will also vest upon a change of control of the company.

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